Post by
MyHoneyPot on Jul 14, 2023 11:00am
NVA is Accretive - I am looking for a Transaction Sooooon!
I expect that POU is in dicussions with NVA regarding a take out offer.
POU is supported in this bid, with Nine Points holding a big chunk of stock and GMP holding a ton of stock. (GMP were the ones that sold POU a bunch of shares a few years ago)
It time to get the deal done, and it would not be to long until POU hits 200,000 boe/day.
POU with no debt on their balance sheet and owning 37 million of NVA shares already, with companies like Nine Points, and GMP looking for a graceful exit. I could see them wanting paper which is something that POU management are not to willing to give up EASILY.
NVA+POU are both similar in that they production growth is being done while paying shareholders, NVA using share buyback/debt reduction, increasing production and POU dividends, special dividends, and production growth.
I think the bonds will have to be taken out and replace with bank debt, but together the companies will have a printing press printing money.
Transaction Accelerator
Either the sale of Westbrick assets, CPS commericializaiton and a cash infusion, monetizaiton of the clearwater assets, Sale of the Norh Duvernay to CPG or Murphy, or some other rabbit that JR would pull out of his hat.
IMHO
Comment by
RookieReturns on Jul 17, 2023 9:40am
Personally I would prefer to see organic growth through drilling their own wells and the sale of those shares back to NuVista. Cash in hand is always better.